Shared Custody Agreement

This Shared Custody Agreement ("Agreement") is effective as of May 12, 2056 ("Effective Date"). By and between Co-parent 1 ("First Party") and Co-parent 2 ("Second Party"), collectively referred to as the "Parties".

1. PURPOSE

The purpose of this Agreement is to establish the terms and conditions for shared custody of the Parties' child(ren). Both Parties desire to uphold the best interests of their child(ren) by ensuring a conducive environment for growth and development. This includes:

Providing stability and consistency in the child(ren)'s living arrangements.
Ensuring both parents have equitable access to the child(ren) and are involved in their upbringing.
Facilitating effective communication and cooperation between the Parties for the well-being of the child(ren).
Establishing a framework for decision-making regarding the child(ren)'s education, healthcare, extracurricular activities, and other important aspects of their lives.
Promoting a positive co-parenting relationship that fosters the emotional and psychological well-being of the child(ren).

2. CUSTODY TERMS

The Parties agree to share physical and legal custody of their child(ren). The Parties further agree that decision-making responsibilities on the welfare, education, and health of the child(ren) will be jointly shared unless specified otherwise in this Agreement.

Residence: The child(ren) will reside alternately with each party every week unless otherwise agreed upon by both parties.
Communication: Both parties will maintain open and regular communication regarding the child(ren)'s welfare, including updates on health, school, and any other pertinent matters.
Parenting Schedule: A detailed parenting schedule will be established, outlining specific days and times for visitation and custody exchanges.
Joint Decision-making: Both parties will collaborate on decisions related to the child(ren)'s education, healthcare, and general welfare.
Relocation: In case of relocation by either party, advance notice will be provided to the other party, and adjustments to the custody arrangement will be mutually agreed upon.
Dispute Resolution: Any disputes regarding custody or parenting decisions will be resolved through mediation.

3. LIVING ARRANGEMENTS

Living arrangements for the child(ren) will be as follows:

Weekdays: The child(ren) will reside with the First Party during weekdays.
Weekends: The child(ren) will reside with the Second Party during weekends.
Rotation Basis: Alternatively, living arrangements may be determined on a rotation basis as mutually agreed upon by the Parties.

Changes in the arrangement will require mutual consent of the Parties involved.

4. CHILD SUPPORT

Both Parties agree to equally share the financial responsibilities associated with raising their child(ren). This includes, but is not limited to:

Education Expenses: Both Parties will contribute equally to expenses related to the child(ren)'s education, including tuition fees, school supplies, and other educational needs.
Healthcare Costs: Both Parties will equally share the costs of healthcare for the child(ren), including medical appointments, prescriptions, and health insurance premiums.
Extracurricular Activities: Expenses for extracurricular activities, such as sports, arts programs, or music lessons, will be shared equally by both Parties.
Basic Needs: Both Parties will equally contribute to providing for the child(ren)'s basic needs, including food, clothing, and shelter.
Other Expenses: Any other reasonable and necessary expenses related to the child(ren)'s well-being and development will be shared equally by both Parties.

5. DISPUTE RESOLUTION

Should a dispute arise regarding the interpretation or implementation of this Agreement, the Parties agree to seek mediation before resorting to legal action. The goal is to settle disputes amicably and in the best interest of the child(ren).

6. AMENDMENTS

Any changes, modifications or amendments that may be desired or deemed necessary to be made to this Agreement are required to be put down in written form and signed off by both the involved Parties. The purpose of this essential requirement is to uphold an atmosphere of fairness while also ensuring complete transparency throughout the entire process.

This Agreement represents the full understanding between the Parties and supersedes all previous agreements, whether oral or written.

7. SIGNATURES

By putting their signatures below, the Parties involved are indicating and confirming that they have thoroughly read through all the terms stipulated in this Agreement. Not only have they read these terms, but they have also fully understood what each of them entails. Furthermore, after understanding what each term stipulates, they have collectively decided to willingly adhere to and respect each of them, effectively demonstrating their agreement with the terms.

[ Co-parent 1 Name]
[DATE SIGNED]

[Co-parent 2 Name]
[DATE SIGNED]